Hong Kong’s Securities and Futures Commission (SFC) is actively seeking input from industry participants on proposed new licensing regulations for over-the-counter (OTC) cryptocurrency services. The initiative aims to establish a comprehensive framework that mandates licensing and adherence to anti-money laundering (AML) and counter-terrorist financing regulations. This move, which includes joint supervision by the SFC and the Customs and Excise Department (C&ED), is expected to enhance oversight and attract more investment into Hong Kong’s burgeoning crypto sector. Additionally, discussions are underway to introduce a licensing regime for cryptocurrency custodian services.
Hong Kong SFC Seeks Industry Feedback on New Licensing Rules for OTC Crypto Services
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WRITTEN BYBitcoin.com News DeskEditorial Desk Reporter
The Bitcoin.com News Desk publishes timely reporting on market developments, protocol updates, regulatory changes, and industry announcements across the cryptocurrency sector.
